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Canberra Region

Housing valuation

At June 2018, Canberra Region had a median house valuation of $496,204, $244,240 lower than the median house valuation for NSW.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Housing Valuation System

Housing values
Canberra Region20182014Change
Housing value (at June)Canberra RegionNSWCanberra Region relative to NSWCanberra RegionNSWCanberra Region relative to NSW2014 to 2018
House--------------
First Quartile$373,785$498,085-25.0%$289,744$361,802-19.9%+$84,041
Median$496,204$740,444-33.0%$385,906$508,933-24.2%+$110,298
Third Quartile$660,092$1,171,986-43.7%$512,491$799,290-35.9%+$147,601
Unit--------------
First Quartile$254,795$485,261-47.5%$217,392$343,269-36.7%+$37,403
Median$322,277$676,368-52.4%$259,926$496,521-47.7%+$62,351
Third Quartile$391,541$890,202-56.0%$330,737$659,154-49.8%+$60,804

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, NSW: $890,202 Median, NSW: $676,368 First Quartile, NSW: $485,261 Third Quartile, NSW: $1,171,986 Median, NSW: $740,444 First Quartile, NSW: $498,085 Third Quartile, Canberra Region: $391,541 Median, Canberra Region: $322,277 First Quartile, Canberra Region: $254,795 Third Quartile, Canberra Region: $660,092 Median, Canberra Region: $496,204 First Quartile, Canberra Region: $373,785
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, NSW: $231,048 Median, NSW: $179,847 First Quartile, NSW: $141,992 Third Quartile, NSW: $372,696 Median, NSW: $231,511 First Quartile, NSW: $136,283 Third Quartile, Canberra Region: $60,804 Median, Canberra Region: $62,351 First Quartile, Canberra Region: $37,403 Third Quartile, Canberra Region: $147,601 Median, Canberra Region: $110,298 First Quartile, Canberra Region: $84,041
Source: Hometrack 2014-2018, Housing Valuation System

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